Monmouth College
- Assets
- $225.2m
- Revenue
- $53.7m
- Investments
- $263.6k
- Employees
- 766
- Location
- Monmouth, IL
- Founding
- 05/1936
- Data as of
- 06/2020
- EIN
- 37-0661228
Organization Overview
Monmouth College is located in Monmouth, IL. The organization was established in 1936. According to its NTEE Classification (B42) the organization is classified as: Undergraduate Colleges, under the broad grouping of Education and related organizations. As of 06/2021, Monmouth College employed 766 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Monmouth College is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2020, Monmouth College generated $53.7m in total revenue. The organization has seen a slow decline revenue. Over the past 6 years, revenues have fallen by an average of (0.9%) each year. All expenses for the organization totaled $60.1m during the year ending 06/2020. As we would expect to see with falling revenues, expenses have declined by (0.7%) per year over the past 6 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2020
Describe the Organization's Mission:
Part 3 - Line 1
TO CREATE AND SUSTAIN AN ENVIRONMENT THAT IS COMMITTED TO LIBERAL ARTS EDUCATION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
HIGHER EDUCATION: INSTRUCTIONAL PROGRAMS-HUMANITIES, SCIENCES, SOCIAL SCIENCES AND OTHER LIBERAL ARTS PROGRAMS, BUSINESS AND EDUCATION. SERVE APPROXIMATELY 900 STUDENTS. PROGRAMS INCLUDE ACADEMIC DEPARTMENTS AS WELL AS ACADEMIC SUPPORT AREAS SUCH AS LIBRARY, ACADEMIC COMPUTING, FACULTY DEVELOPMENT, ETC. THIS REPRESENTS TUITION AND FEES.
AUXILIARY SERVICES: STUDENT HOUSING AND DINING PROGRAMS, AND PARKING.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Clarence R Wyatt President | Officer | 50 | $319,110 |
Melony Sacopolus VP Of Finance And Business/treasurer | Officer | 50 | $169,796 |
Mark Willhardt VP Academic Affairs, Dean | Officer | 50 | $153,568 |
Kristen English VP Enrollment Management | 50 | $143,484 | |
Hannah Maher VP Of Development | 50 | $141,283 | |
Christine Johnston Institutional Research | 50 | $118,380 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Aramark Campus Dining Service Dining Services | 6/29/21 | $2,902,611 |
Ellucian Co Lp Administrative Software | 6/29/21 | $265,634 |
Waybetter Marketing Admissions Marketing | 6/29/21 | $199,499 |
Kellogg Printing Print Services | 6/29/21 | $172,918 |
University Of Il Covid Testing | 6/29/21 | $125,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $9,833,314 |
| Investment income | $2,029,109 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $312,900 |
| Net Gain/Loss on Asset Sales | -$631,808 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $53,684,096 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic individuals. | $22,606,272 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $1,567,329 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $14,493,626 |
| Pension plan accruals and contributions | $802,863 |
| Other employee benefits | $2,405,432 |
| Payroll taxes | $918,489 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $21,715 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $342,554 |
| Fees for services: Other | $1,140,241 |
| Advertising and promotion | $14,186 |
| Office expenses | $1,078,768 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $1,479,581 |
| Travel | $877,614 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $988,084 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $4,940,930 |
| Insurance | $476,540 |
| All other expenses | $0 |
| Total functional expenses | $60,071,068 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $2,952,582 |
| Pledges and grants receivable | $3,483,283 |
| Accounts receivable, net | $322,149 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $1,670,168 |
| Inventories for sale or use | $62,671 |
| Prepaid expenses and deferred charges | $516,963 |
| Investments—publicly traded securities | $105,633,370 |
| Investments—other securities | $263,573 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $3,671,710 |
| Total assets | $225,152,579 |
| Accounts payable and accrued expenses | $4,429,346 |
| Grants payable | $2,005,375 |
| Deferred revenue | $1,106,902 |
| Tax-exempt bond liabilities | $24,250,417 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $11,296,238 |
| Total liabilities | $43,088,278 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Total liabilities and net assets/fund balances | $182,064,301 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Monmouth College has recieved totaling $17,500.
| Awarding Organization | Amount |
|---|---|
Cline-Lofftus Foundation Monmouth, IL PURPOSE: EDUCATIONAL | $13,500 |
Foster And Maralee Overcash Scholarship Trust Canton, IL PURPOSE: SCHOLARSHIP FOR CANTON HIGH | $3,000 |
Wieland Family Foundation Chicago, IL PURPOSE: GENERAL CONTRIBUTION | $1,000 |
Endowment Analysis
| Beg. Balance | $114,661,256 |
| Earnings | $33,603,627 |
| Net Contributions | $2,504,944 |
| Other Expense | $2,103,164 |
| Grants | $2,421,405 |
| Ending Balance | $146,245,258 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Campbellsville University Inc Campbellsville, KY | $197,242,279 | $142,326,474 |
Luther College Decorah, IA | $330,055,480 | $125,968,312 |
Centre College Of Kentucky Danville, KY | $677,636,297 | $215,283,093 |
Lawrence University Of Wisconsin Appleton, WI | $632,228,886 | $124,103,689 |
Lake Forest College Lake Forest, IL | $251,265,144 | $111,531,265 |
Trine University Inc Angola, IN | $221,741,150 | $121,889,140 |
Saint Marys College Notre Dame, IN | $523,384,557 | $143,002,673 |
St Norbert College Inc De Pere, WI | $336,117,917 | $103,405,590 |
Taylor University Upland, IN | $297,240,119 | $122,251,609 |
Millikin University Decatur, IL | $270,927,180 | $97,576,221 |
Wartburg College Waverly, IA | $247,960,217 | $101,117,542 |
College Of The Ozarks Point Lookout, MO | $787,489,229 | $134,988,466 |